In tonight’s video, Frankie Candles takes a look at recent news in the crypto landscape, including looming stagflation, Crypto.com walking back on their rewards, and Algorand surging after their partnership with FIFA!
4:33 Crypto.com Fumbles
6:31 Algorand and FIFA
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How to Make Money in the Metaverse
Cryptocurrencies are the future of the digital world. Cryptocurrencies such as Bitcoin are the currency of choice for immersive virtual economies like the Metaverse. Unlike traditional paper currency, these virtual currencies work by creating a unique token and a digital wallet. This way, users can buy virtual artwork and property. In addition, cryptocurrencies are also a great way to invest in virtual worlds without putting up your real money. But how can you make money in the Metaverse?
The metaverse is a virtual world that users access through VR headsets. In order to be successful, a metaverse must be “decentralized,” meaning that no one party has control over it. Blockchain technology can provide the necessary infrastructure to make a metaverse decentralized and non-centralized. The Sandbox is one example of a metaverse that makes use of crypto technology to store ownership rights. Despite its newfound popularity, it remains a risky investment for investors.
The biggest VCs are backing companies that are exploring the metaverse. For example, the crazy Kings mobile games franchise is introducing a play-to-earn model in which players compete for crypto tokens. It’s also partnering with a cultural icon to create a blockchain game. It’s also raising millions of dollars from top investment firms. The Metaverse is one of the hottest spaces in the market, and many investors have stepped in to invest in Animoca Brands.